Troy School District, Mich., organizes $56 million sale of G.O. bonds

By Sheri Kasprzak

New York, Dec. 30 - The Troy School District of Michigan plans to sell $56 million of series 2014 general obligation school building and site bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Stifel, Nicolaus & Co. Inc. as the senior manager and Comerica Securities Inc. and Fifth Third Securities Inc. as the co-managers.

The bonds are due 2015 to 2028.

Proceeds will be used to finance the renovation, construction, design and improvement of school facilities, as well as to acquire properties for school construction.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.